Chamber Business News

Voya Financial is westward bound

Voya Financial announced it would be expanding its Arizona presence, adding more than one thousand jobs in the Valley.

“This is a very exciting day for Voya Financial,” Dan Norman, Voya District Manager, said. “Voya has a rich history in Arizona. The Valley’s prime geographic location coupled with Arizona’s skilled workforce, universities, and business-friendly environment provide essential resources for Voya’s future growth and success in the state.”

Voya Financial, Inc. is an organization that helps Americans plan, invest in and protect their savings and helps them better prepare to retire. The company’s mission is to become “America’s Retirement Company.”

Governor Doug Ducey, Sandra Watson, President and CEO of the Arizona Commerce Authority, and Chris Camacho, President and CEO of Greater Phoenix Economic Council, all joined the financial firm to share how this will impact the state’s economy.

“The business and financial services industry continues to grow rapidly,” Watson said. “In fact, this industry experienced a greater gain in net new hires in Arizona than anywhere else in the nation just this past year. As a result, our state has the second largest business and financial services concentration in the country with 440,000 Arizonans employed in this sector.”

According to Watson, the business and financial services industry produces an economic impact of over $64 billion annually.

“You’ve heard me talk about how Arizona is one of the best places in the country to live, work, play and build a business,” Ducey added. “With the expansion of a number of companies in this sector, Arizona’s become a leading destination for innovative businesses and the financial services industry. Voya could have selected anywhere in the United States to bring these 1,000 new jobs. These new jobs are going to represent tremendous new opportunities for so many Arizonans and we look forward to everything that’s to come with Voya’s growth here.”

The company currently serves the needs of approximately 14.3 million individuals and institutional customers, and in 2017, Voya created $8.6 billion in revenue. However, on top of being a successful Fortune 500 business and leader in the financial industry, Voya has continually been rewarded for their inclusive work environment.

“One thing that I think’s tremendous about this specific announcement [is] this company, for the last several years, has been ranked as one of the top World’s Most Ethical enterprises, so we’re bringing cultivating new companies to this region and this state that are adding value to our citizens and that’s what this is all about,” Camacho said.

Voya been awarded the Bloomberg Gender Equality Index; Human Rights Campaign Best Places to Work for LGBTQ Equality; one of the World’s Most Ethical Companies; and more.

The company has raised $5 million through its giving campaign and Voya employees spent 49,000 hours volunteering in 2017.  

Voya currently employs 200 people at their location in Scottsdale. Voya plans to open a permanent facility in mid-2020, but until then the company has a temporary site in Tempe.

Voya is currently hiring for new positions at their Tempe location, to learn about their careers click here.

Emily Richardson

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